NOT LISTED FOR SALE

3624 Pine Oak Ave SW Wyoming, MI 49509

Clyde Park Neighborhood

Estimated Value: $1,609,486

-- Bed
-- Bath
-- Sq Ft
1.45 Acres

Last Sold December 17, 2019

Last sale price $1,050,257

Est. 53% increase in value since last sale

Current estimated payment $10,629/month

1 Day on Market

Highlights

  • 1.45 Acre Lot
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

About This Home

As of December 2019

20 unit apartment investment opportunity with good rental history. Nice green space in-between buildings. Shared laundry facility. 5 boilers (one was replaced in 2015) and 5 water heaters service the 3 buildings. Nice convenient location for tenants on a quiet culdesac street. Close to US-131 just West and South of the 36th St exit.

Last Listed By

Craig Brink

West Edge Real Estate Listed on: 10/18/2019

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $16,813

Year Built

  • Built in 1972

Lot Details

  • 1.45 Acre Lot

Parking

  • 30 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Aluminum Siding

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System
  • Baseboard Heating
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 3 Buildings
  • 20 Units

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$16,813

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1972
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • List Price: 950000.0
  • Number of Buildings: 3
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 30.0

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Radiant, Baseboard
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 1.45
  • Lot Size Area: 1.45
  • Lot Size Sq Ft: 63300.0
  • Zoning Description: 201 Commercial
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas
  • Tenant Pays: Electricity

Multi Family

  • Number of Units Total: 20

Tax Info

  • Tax Annual Amount: 16813.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2019
Closed on
Dec 17, 2019
Sold by
Knoper Lois M
Bought by
Pine Oak Rentals Llc
Seller's Agent
Craig Brink
West Edge Real Estate
Buyer's Agent
Eric Freeman
Solid Rock Real Estate LLC
List Price
$950,000
Sold Price
$1,050,257
Premium/Discount to List
$100,257
10.55%
Total Days on Market
1
Current Estimated Value
$1,609,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$559,229
Avg. Annual Appreciation
8.49%
Original Mortgage
$765,000
Outstanding Balance
$685,939
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$951,927

Purchase Details

Closed on
Jan 17, 2008
Sold by
Knoper Lois M
Bought by
Knoper Lois M and Diemer Kimberly A

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pine Oak Rentals Llc -- Chicago Title Of Mi Inc
Knoper Lois M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pine Oak Rentals Llc $765,000
Closed Pine Oak Rentals Llc $765,000
Previous Owner Knoper Lois M $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2019 12/17/19 Sold $1,050,257 +10.6% --
10/19/2019 10/19/19 Pending -- -- --
10/18/2019 10/18/19 For Sale $950,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $19,434 $558,400 $0 $0
2023 $24,600 $550,500 $0 $0
2022 $23,104 $532,400 $0 $0
2021 $22,499 $496,500 $0 $0
2020 $16,648 $384,800 $0 $0
2019 $16,908 $402,400 $0 $0
2018 $16,375 $378,000 $0 $0
2017 $15,980 $309,700 $0 $0
2016 $15,543 $284,100 $0 $0
2015 $15,312 $284,100 $0 $0
2013 -- $296,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Craig Brink

    West Edge Real Estate

  • E

    Buyer's Agent in 2019

    Eric Freeman

    Solid Rock Real Estate LLC

    (616) 667-2715

    48 Total Sales

    Eric Freeman
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19051153

Southwestern Michigan Association of REALTORS®

APN: 41-17-23-226-044

Michigan Kent County Wyoming 49509 Clyde Park

3624 Pine Oak Ave SW, Wyoming, MI

Homes for Sale in Wyoming, MI

This home is located at 3624 Pine Oak Ave SW, Wyoming, MI 49509 since 18 October 2019 and is currently estimated at $1,609,486. This property was built in 1972. 3624 Pine Oak Ave SW is a home located in Kent County with nearby schools including Godwin Heights Senior High School, AnchorPoint Christian School, and St. John Vianney School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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